Cash-Out Refinance
Access your home's equity by refinancing for more than you owe and receiving the difference in cash for home improvements, debt consolidation, or other needs.
Benefits
- Access your home's equity
- Consolidate high-interest debt
- Fund home improvements
- Cover major expenses
- Potential tax benefits (consult tax advisor)
Things to Consider
- !Increases your loan balance
- !May have higher interest rate than rate/term refi
- !Typically requires at least 20% equity remaining
- !Closing costs apply
Is Refinancing Right for You?
Let Shawn Pagano analyze your current situation and help you determine if refinancing makes sense for your goals.